MinebeaMitsumi Inc.
Cite as: Japan IR Index, MinebeaMitsumi Inc. (6479), methodology GNT-BDS v1.1.1, reviewed 2026-10-12.
Findings and sources as of the review date shown. The company’s English disclosure may have changed since.
Where to start
Chosen from this company's lowest answers, easiest first. A quick fix uses material the company already has; a translation fix is usually met by translating a Japanese document (our note says whether this company has one). Questions that need a budget or a board decision are left out. Suggestions drawn from the research, separate from the scores.
O7 Named English IR contact published 3/5 Quick fix
Link a dedicated IR contact (form, address or e-mail) from the English IR section.
O5 Single page listing all English IR documents by date and type 4/5 Quick fix
Keep one English page that lists every IR document with its date and type.
S5 Results-briefing transcripts or Q&A published in English 4/5 Translation
Publish the results-briefing Q&A summary in English, on the same day as the Japanese.
S6 Integrated or annual report available in English 4/5 Translation
Publish the current integrated or annual report in English.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 1 answer corrected after re-checks (research errors) and 1 changed under a rule change between 21 Oct 2026 and 23 Oct 2026. These are changes to our record, not to the company’s disclosure. Changes to this record →
This company is a case in “Questions shareholders ask at the AGM”: 10 The economics of M&A and disposals, 09 Responding to takeover bids. The shareholder proposals, the company’s answers and the vote results are taken from published documents.
Compared with peers
| Peer group | Median | This company |
|---|---|---|
| Same sector (Electric Appliances) | 80.8 | 4 of 33 |
| Same size band (¥500bn–2tn) | 84.2 | 8 of 43 |
Compared with the companies covered here, not the whole market. Sector is the TSE 33-sector classification; market cap is from the TSE English-disclosure survey, Aug 2026; it only sets the size band, plays no part in the score, and is refreshed once a quarter. Ties share the higher rank.
Out of 100.
Of the 34 questions reviewed, 32 scored 3 or more and 1 found no qualifying English materials within the stated review scope. Read each score with its source and scope below.
Findings by question
F1Quarterly and full-year results summaries (tanshin) published in English5/5
Brief Report of Financial Results for the three months ended 30 June 2026 (IFRS), 5 August 2026 with the Japanese: 16 English pages against 15, with performance by segment and the segment information note. Source document →
F2English results summary is a full translation, not an excerpt5/5
We read the Q1 FY3/27 tanshin of 5 Aug 2026 against the Japanese. English 16 pp, Japanese 15 pp. The two indexes match item for item: summary pages, with the forecast and the notes on consolidation scope, accounting policy and shares; 1. analysis of operating performance, financial position, forecast (with a table of revisions against the 12 May forecast) and dividend policy; 2. condensed statements of financial position, income, comprehensive income, changes in equity and cash flows; notes on going concern, change in accounting policy and segment information. The FY3/26 tanshin (12 May 2026) also matches: English 22 pp, Japanese 23 pp, including risk factors, group structure, accounting-standard rationale, per-share data and subsequent events. The whole tanshin, so 5. Source document →
F3Financial statements including notes available in English5/5
The latest English tanshin (Q1 FY3/27, 5 Aug 2026, IFRS) has the full condensed statements: financial position, income, comprehensive income, changes in equity for both periods, and cash flows. It also has the notes: going concern, change in accounting policy, and segment information with reportable-segment revenue and profit and a reconciliation. The FY3/26 tanshin adds per-share data and subsequent events. Full statements and notes for the latest period, so 5. Source document →
F4Annual securities report available in English in any form0/5
The English IR library's sections are financial results, TSE filings (timely notices), integrated reports, briefings, shareholders' meetings, business reports and legacy Mitsumi SEC filings. No securities report in English; the Japanese library carries the 185-page 有価証券報告書 of 24 June 2026.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
There are four reportable segments plus Other: Precision Technologies, Motor, Lighting & Sensing, Semiconductors & Electronics, and Access Solutions. Every English tanshin's segment note gives external and inter-segment sales and segment profit for each, with adjustments. It states the definitions ('Summary of reportable segments': the basis of separation, profit measured on operating income, inter-segment pricing). The Q1 FY3/27 note explains a reclassification between segments and restates the prior year to match. The deck adds segment forecasts, and the English segment spreadsheet carries the series back to FY3/2000. Every period, defined and held constant, so 5. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English5/5
The English Financial Data section offers .xlsx downloads, updated 25 Aug 2026. We read their contents inside the rendered page by unzipping the XML. Financial Highlights (en_financial1.xlsx; Annual and Quarter sheets) runs FY3/2000-FY3/2026: sales, OP, PBT, net profit, EPS, diluted EPS, DPS, BPS, shares, ROE, ROA, EBITDA, debt, net D/E, equity ratio, and operating, investing, financing and free cash flow. The balance sheet (en_financial5), income statement (en_financial6) and cash flow (en_financial7) files each have Annual IFRS FY3/2018-FY3/2026, Quarter IFRS sheets through Q1 FY3/27, and JGAAP sheets for earlier years. A segment file (en_financial2) gives sales and OP by segment, FY3/2000 on. Five years and more of P&L, BS, CF and per-share data, plus segments, so 5. Source document →
F7Guidance disclosed in English with the basis explained5/5
The English Q1 FY3/27 tanshin gives the H1 and full-year forecast (FY: sales 1,690.0bn, OP 120.0bn, net 87.0bn, EPS 216.64). It also has a previous-vs-revised table: net profit was raised 4.0bn on Q1 results and the latest situation. The English Q1 deck adds the 2Q-4Q FX assumptions (US$ 155.00, euro 182.50, baht 5.00, RMB 22.30) and the full-year forecast by segment (sales and OP for PT, MLS, SE, AS). It explains the revision ('net sales and OP unchanged from a conservative perspective, profit revised upward') and gives the demand view by segment. The FY deck adds FY3/28-29 forecasts with FX. FX, segment forecasts and market view, with revisions explained, so 5. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the quarter ended 30 June 2026 published 5 August 2026, the same period and day as the Japanese filing. Source document →
S1Medium-term management plan in English with numerical targets5/5
MinebeaMitsumi's medium-term plan is a rolling 'Mid-term Earnings Forecast' presented with the full-year results. Both the English and Japanese Medium-term Business Plan pages (updated 3 Jun 2026) point to the 12 May 2026 briefing. The English FY3/26 deck (71 pp, the same as the Japanese 71) has the targets. Plan B, organic: FY3/29 sales 1.9tn yen, OP 168.0bn, real OPM 10%, with FY3/27-29 P&L, FX assumptions and segment sales/OP. Plan A, with large M&A: 2.5tn yen sales and 250bn OP. It also has a mid-term cash-flow and cash-allocation plan, ROIC, ROE 15% and EPS growth targets, and segment targets (e.g. semiconductors 170bn sales, OPM >20%). Kabutan's TDnet list shows the English deck filed on 12 May 16:00, the same time as the Japanese. Complete and same-day, so 5. Source document →
S2IR presentations published in English5/5
For Q1 FY3/27 the English side has the presentation (35 pages, 5 August), the presentation transcript (13 August), the Q&A (13 August) and the supplementary financial data (14 August) - the full Japanese set, each within a day of the Japanese. Source document →
S3English equity-story or investment-highlights page5/5
The English site has an 'At a Glance' page under Our Strengths, linked from the IR site's 'About MinebeaMitsumi'. It shows world No.1 shares (miniature and small ball bearings 60%, HDD pivot assemblies 80%, 1-cell Li-ion battery protection ICs 80%), bases and employees, overseas ratios, and a 'Performance' panel setting FY3/26 against the Plan A and Plan B FY3/29 targets. There is also an IR 'Strength' page for investors, setting out three strengths (core businesses, diversified niches, INTEGRATION), the Eight Spears, and the 2.5tn/250bn long-term targets. A dedicated page with quantified strengths, so 5. (In a full-page capture some of the page's animated counters read 0%, as they are scroll-triggered.) Source document →
S4Growth drivers identified and quantified in English5/5
The English FY3/26 deck names the drivers and puts numbers on them: 'The Five Growth Areas plus one' (new mobility, LiDAR, commercial drones, AI servers, humanoid robots, plus aircraft/aerospace), with sales targeted at x1.8 by FY3/29. AI servers: sales from 90bn to 110bn yen, about 22% CAGR, OPM 10%+, with market data (server units 16.8m to 24.2m, liquid-cooled 0.77m to 1.33m, fan-motor market +15.3% CAGR). Humanoid robots: standard and upside cases to FY3/35. Segment slides give targets, e.g. semiconductors 170bn sales and OPM >20%. Named drivers with market size, contribution and margins, so 5. Source document →
S5Results-briefing transcripts or Q&A published in English4/5
Each quarter the Japanese side publishes a 説明要旨 (presenter's script) and a 質疑応答要旨 (Q&A summary), and the English side has a counterpart for every one. Posting dates (IR news / file folders) are mostly a few days later in English. Q1 FY3/27: Japanese 12 Aug, English 13 Aug. FY3/26: Japanese 15 May, English 21 May. Q3 FY3/26: Japanese 10 Feb, English 13 Feb. Q2 FY3/26: Japanese 13 Nov, English 17 Nov. Q1 FY3/26: Japanese 13-14 Aug, English 22 Aug. English Q&A also exists for IR Day 2025 and the outside-director dialogue (28 Jul 2026). Every period, but days late, so 4 (ruling). Source document →
S6Integrated or annual report available in English4/5
Integrated Report 2025 in English, 53 pages (November 2025). The Japanese side published 統合報告書2026 (98 pages) on 2 October 2026; the English edition is one behind. Source document →
S7Progress against the previous plan, including misses, explained in English4/5
The plan rolls each year, so there is no fixed earlier plan with a closing report. The English FY3/26 deck (pp.66-67, 'Trends of Sales' and 'Trends of OP') charts actual sales and OP from FY3/09 to FY3/26 against each mid-term plan's 1st-year and 3rd-year figures. Notes explain the gaps in the series (FY3/16 integration, FY3/22-23 COVID). The 4Q variance slide sets results against the previous forecast. The plans' targets are set against actuals, but the variances are not explained, so 4. Source document →
G1Corporate governance report available in English5/5
The Corporate Governance Report in English, 24 pages, dated June 29, 2026, with the independent officers notification, on the English corporate governance page. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The English notice of the 80th AGM (86 pp, posted 22 May 2026) profiles all 13 director candidates, i.e. the whole board. Each profile has a dated career history (e.g. Kainuma: Director 1988, Representative Director since 2009), board attendance, shares held, concurrent posts and reasons for nomination. Outside directors also get their expected roles and years in office (Miyazaki 4, Matsumura 8, Haga 6, Katase 5), and each is marked Outside/Independent. The English governance 'Officers' page repeats the outside directors with appointment dates and independence. Every director, with tenure, expertise and independence, so 5. Source document →
G3Board skills matrix published in English5/5
The English 80th AGM notice (p.18) has '[Reference] Skills Matrix of Directors and Audit & Supervisory Board Members', as composed after the June 2026 meeting. It maps every director and A&SB member against independence and the expected expertise: corporate management, M&A, global affairs, technology development, manufacturing, sales and others. It is followed by a table of the reasons each skill item was selected. Current, in English, so 5. Source document →
G4Executive remuneration structure and its performance linkage explained in English4/5
The English 80th AGM notice business report (pp.32-35) sets out the structure: basic compensation, short-term performance-linked bonuses, medium/long-term performance-linked stock or cash, and performance-linked stock. It gives the mix policy (non-performance : performance = 1 : 2 or more, stock 10% or more). It names the KPIs with FY3/26 results: bonuses on consolidated profit 99.2bn, sales growth +9.3%, stock price vs Nikkei, market cap 1,082.6bn and OPM; mid/long-term on 3-year EPS growth of 15% (+17.6%); stock on profit, ROE 15% (12.1%) and GHG -5% YoY (-0.6%). Amounts are broken down by type: directors (12) basic 370.3m, bonus 592.2m, stock 60.0m, total 1,022.5m yen; outside directors and A&SB members separately. Re-checked 21 Oct 2026 under v1.1.1, which needs the weight of each performance measure in every performance-linked element: the bonus and stock plans name several KPIs each with no weights. So 4. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 80th Ordinary General Meeting posted in English on 22 May 2026 for a meeting on 26 June - 35 days - 86 pages with every proposal's reference documents. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the voting website named in the English notice, www.web54.net (Sumitomo Mitsui Trust Bank), is in Japanese only, with no English option, as for ESPEC (6859) and Nitto Boseki (3110). Every proposal in English, but a Japanese-only voting route, so 4. Source document →
G6Shareholder vote results disclosed in English5/5
Results of Exercise of Voting Rights at the 80th Ordinary General Meeting, in English, on the Shareholders' Meetings 2026 page (updated 31 July 2026): for every proposal and every director the votes for, against and abstaining and the approval ratio (e.g. Yoshihisa Kainuma 3,334,474 / 277,113 / 10,695, approved 92.00%). Counts with abstentions: 5 (was 2 on 12 Oct, which saw only the notice of resolutions; re-checked 16 Oct 2026). Source document →
G7Cross-shareholdings in English with reduction schedule and rationale3/5
The English CG report (29 Jun 2026, Principle 1.4) and the governance 'Equity Holding' page give the policy, the annual board review criteria (business merit, cost of capital, share price, dividends, TSR) and the voting standards. The page also gives numbers: 11 companies, 8,695m yen, of which 7 listed, 7,394m yen (1.03% of equity). It has a holdings table with share counts, book values and purpose (SMTH, MUFG, SMFG, Hachijuni, Mizuho, Nippon Steel) - but as of 31 Mar 2024, two years stale. No reduction target, schedule or progress. Policy and numbers, no target, so 3. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (minebeamitsumi.com/english/) has a visible 'IR - Introducing performance and financial data and various IR materials' link straight to /english/corp/investors/. The About Us menu also links it. One click, so 5. Source document →
O2English document links resolve to English documents5/5
We opened 20 English document links across types and years. Tanshin: Q1 FY3/27, FY3/26, FY3/20 (35 pp), Q3 FY3/12. Decks: Q1 FY3/27, FY3/26, FY3/22. Q&A: FY3/26, FY3/22. AGM notices 80th and 77th, and the 77th resolutions notice. CG report Jun 2026. Integrated Report 2025 and 2020 (President's message). Interim Business Report 79th. Former MITSUMI Q3 FY3/17 tanshin and former U-Shin Q2 FY12/19 tanshin. Outside-director dialogue Q&A (Jul 2026). ESG independent assurance report. Every one was an English document (CJK characters only in stray symbols), so 5. Source document →
O3English IR archive free of dead links5/5
Every one of the same 20 links, from 2012 to 2026, resolved to a live PDF (2 to 86 pp). The English financial-data .xlsx files also downloaded and opened. No dead links, so 5. Source document →
O4English IR pages render without blank JavaScript failures5/5
We rendered these English IR pages: the IR top (latest documents, IR news, full menu), Financial Results Briefing FY3/2027 and FY3/2026, TSE Filings, Shareholders' Meetings (the voting-results table renders), Corporate Governance with its Equity Holding and Officers subpages, Medium-term Business Plan, IR News, IR Contact, Disclaimer and Strength. All show their content, with no empty lists or blank widgets, so 5. Source document →
O5Single page listing all English IR documents by date and type4/5
The library is split by type: Financial Results, TSE Filings, Integrated Reports, Financial Results Briefing, Other IR Events, Shareholders' Meetings, Business Reports, ESG, and the MITSUMI/U-Shin archives, each with fiscal-year back numbers. But the English IR News page is one dated list of all postings, filterable by year from 2003: results, decks, transcripts and Q&A, AGM notice, voting results, timely disclosures, financial-data updates. It is not typed. A dated all-types list, untyped, so 4 (ruling). Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive is deep. Results and briefings have back numbers from FY3/2001 to FY3/2027, with transcripts and Q&A for each recent period. Shareholders' meetings run 2000-2026. IR News goes back to 2003. There are integrated reports (2020 on), business reports, ESG documents, and the former MITSUMI and U-Shin archives. Several years across every type, so 5. Source document →
O7Named English IR contact published3/5
Named in the tanshin header - Jun Yutani, General Manager of Accounting Department, (03) 6758-6711. The Japanese IR top links IRお問い合わせ・資料請求 directly; the English IR top offers only the global 'Contact', whose form lists 'IR/Financial Data' among its inquiry types, beside an IR FAQ. A genuine route, shared. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
Kabutan's TDnet list shows the English tanshin and deck on the same day and time as the Japanese every period: Q1 FY3/27 5 Aug 2026 15:30 (both tanshin and both decks); FY3/26 12 May 2026 (tanshin 15:30, decks 16:00, both languages); Q3 FY3/26 5 Feb 2026 15:30; Q2 FY3/26 6 Nov 2025 15:30. The English IR news lists them the same days. (The FY3/26 deck files on both sites now sit in 28 May folders, a re-upload made on both sides.) Same-day, every period, so 5. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Lags, English against Japanese. Q1 FY3/27 tanshin: 5 Aug / 5 Aug = 0 (TDnet). FY3/26 tanshin: 12 May / 12 May = 0. 80th AGM notice: 27 May 08:00 / 27 May 08:00 = 0 (TDnet). Corporate Governance Report: Japanese filed 29 Jun 2026 on TDnet; the English was posted on the site in the 8 Jul folder, PDF created 8 Jul = 9 days. Securities report: Japanese 24 Jun 2026, no English = >90. Median 0, so 5. Source document →
R3Timely disclosures published in English5/5
Kabutan's TDnet list, Sep 2025 to Oct 2026. Every Japanese timely disclosure has an English version filed at the same time: restricted stock plan for the ESOP (5 Aug 2026); business acquisition, articles amendment and personnel changes (12 May); forecast revision and finance income (11 May); Minebea Intec France put option (31 Mar); Sanken collaboration (27 Jan); Mitsumi Malaysia liquidation (24 Dec 2025); dividend forecast revision (6 Nov); HTK Europe sale (31 Oct); Tsubaki Nakashima completion (3 Oct); Shibaura Electronics tender result (12 Sep). The English TSE Filings page and IR news repeat them. The Japanese-only items are statutory filings (CG report, articles, independent officers notice, extraordinary report), counted under R2, and a site-only 一部報道について note of 5 Aug. All same day, so 5. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
We rendered the English IR top, briefing, governance, meetings, contact and IR Disclaimer pages and read the visible text. No machine- or AI-translation notice, no translation pop-up, and nothing in any of the opened English documents. The AGM notice's '(Translation) ... for your reference and convenience only' is human-translation precedence language (R5). So 5. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The AGM notice is headed '(Translation)' and provided 'for your reference and convenience only and without any warranty'. The tanshin and the results presentation carry no such statement. Disclaimed on some documents. Source document →
Open a question for the reasoning and the document its score was read from. A zero means no qualifying English materials were located within the stated review scope as of 2026-10-12. Compare this question across companies →
Capital-policy review
Not scored. 1 action has been reviewed; a score out of 100 is published once 3 or more are. The ratings:
Each action is read against the company’s own filings on four checks: was the promise specific, can the steps be traced, were the economics explained, and did it report back against the target. This records the status of selected actions, not an assessment of the company as a whole. How this is scored →
FY3/2029 growth, M&A and shareholder-value targets
Strategy or target reset · In progress · Plan announced 27 November 2025
MinebeaMitsumi set organic and M&A growth scenarios and targets ROE of at least 15% and long-run EPS growth of at least 15%.
Timeline and sources (2 steps)
- 27 November 2025FY3/2029 targets detailed IR Day disclosed growth scenarios and return targets. MinebeaMitsumi IR Day 2025
- 3 June 2026Plan page updated The official medium-term plan page refreshed the growth scenarios. Medium-term Business Plan
What management said it would do
Management targets at least 15% ROE and 15% ten-year-average EPS CAGR, with separate organic and large-M&A FY3/2029 scenarios.
From the company’s own disclosure · MinebeaMitsumi IR Day 2025
What it actually did, and when
Major capacity projects are progressing, but this first pass does not reconcile every investment and acquired return.
Partly disclosed — a gap remains · Medium-term Business Plan · MinebeaMitsumi IR Day 2025
What it disclosed about the economics
Management ties growth to the Eight Spears, roughly 50% of operating cash flow for capital expenditure and explicit return targets.
Partly disclosed — a gap remains · MinebeaMitsumi IR Day 2025
What has happened since
The FY3/2029 result is not due.
Partly disclosed — a gap remains · MinebeaMitsumi IR Day 2025
The question this leaves open
Investor question: What portion of the target is funded and what return is expected? IR preparation: distinguish organic, M&A and capacity-project outcomes.
Our analysis, not a company statement
Balance sheet and capital-policy indicators
A source-backed first-pass capital-efficiency, balance-sheet and governance reading, separate from the accountability score.
Cash use and returns
MinebeaMitsumi presents organic and large-M&A scenarios and allocates roughly half of operating cash flow to capital expenditures.
Capital structure
The company plans to fund most capacity expansion inside its stated cash-allocation policy.
Governance of capital decisions
The plan tracks EPS growth and ROE alongside business-line margins and capacity investment.
Preliminary and not scored: a selected-source reading, reviewed 28 September 2026. Surplus cash, leases, maturities, project ROIC, cost of capital, committed spend and peer comparability are not fully assessed; none enters the accountability score. Figures are the company’s own reported numbers; a large cash balance is not called excess without a defensible operating reserve and investment plan. Every company with a balance-sheet reading →
Changes to this record
- Research error 23 October 2026 · G5: 5 → 4. Every proposal is in the English notice, but the voting website shareholders use (Sumitomo Mitsui Trust Bank) is in Japanese only.
- Rule change 21 October 2026 · G4: 5 → 4. Under v1.1.1, a 5 needs the weight of each performance measure in every performance-linked element. The bonus and stock plans name several KPIs each with no weights.
Every change is labelled as a research error, new evidence supplied, improved disclosure or a rule change, with its date and the previous score. Change log →
Scores assess how English information is published, not the quality of the business or its investment value. To report an error or a document we missed, see how to contact us.